Major stock markets in Gulf track oil prices higher

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Oct 2 - Major stock markets in the Gulf rose in early trade on Monday, tracking oil prices higher with the Saudi index on course to snap two sessions of losses.

OPEC+ is unlikely to tweak its current oil output policy when a panel meets next Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally. Dubai's main share index rose 0.3%, led by a 1.6% increase in blue-chip developer Emaar Properties and a 0.9% gain in toll operator Salik Company .The Qatari index was up 0.5%, with petrochemical maker Industries Qatar rising 1%.

 

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